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Plankinton Arcade building in downtown Milwaukee getting 72 more apartments

Plankinton Arcade building in downtown Milwaukee getting 72 more apartments
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Eyes on Milwaukee: 620 WTMJ, ESPN Radio and The Truth Moving Downtown

After 80 years on Capitol Dr., city s venerable radio operation moving to The Avenue. ....

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Eyes on Milwaukee: RiverWalk Lofts Planned For 110-Year-Old Office Building

River Bank Plaza will get redeveloped.
By
Jeramey Jannene - May 12th, 2021 03:01 pm
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River Bank Plaza. Photo by Jeramey Jannene.
Another aging downtown office building will find new life as housing.
A company called 3L Real Estate will convert the eight-story River Bank Plaza building, 740-744 N. Plankinton Ave., into the RiverWalk Lofts.
The plan calls for more than 130 apartments including studio, one, two and three-bedroom layouts. The three-bedroom units would have a “rooftop duplex” layout according to a press release from the Rosemont, IL-based real estate firm.
Constructed is expected to begin in 2022 and be completed in 2023. ....

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Plats and Parcels: Sentinel Building Could Become Apartments

Mason St Ventures acquired the property from Sentinel Suites LLC, an Illinois-based investment group led by
Doug Young. The Illinois firm paid Milwaukee investor
Max Dermond $1.53 million in 2018 for the property. It was billed as 50% vacant at the time.
Now it’s 70% vacant.
Alex Zank, would turn the building into apartments.
“It’s a really cool building, a lot of history behind it, and it’s in a prime location right downtown,” Gollatz told Zank. “You don’t see many buildings like that come up for sale at a semi-affordable price point.” The property is assessed for $1.58 million.
The conversion could result in 30 apartments in the 30,848-square-foot building. Gollatz said his group is now talking with architects and contractors. ....

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Eyes on Milwaukee: 22 More Apartments for Plankinton Arcade

22 More Apartments for Plankinton Arcade
With another 50 in the pipeline as Grand Avenue Mall continues move toward more residential spaces.
By
Jeramey Jannene - Feb 15th, 2021 11:26 am
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The Plankinton Arcade building in 2016. Photo by Jeramey Jannene.
A largely-hidden downtown apartment complex will grow in size under a new plan from its owner.
Sunset Investors developed the Plankinton Lofts apartments complex in phases on the third and fifth floors of the Plankinton Arcade building, 161 W. Wisconsin Ave., whose lower floors have long been part of the downtown Grand Avenue mall.
Starting in 2009, Sunset began converting former office space in the seven-story Plankinton building into apartments. Additions were made in 2012 and 2014 bringing the total to 46 units according to documents submitted to the city. ....

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